Tata Bolt Car Loan EMI Calculator

₹ 10,451.
Here is how - Tata Bolt price starts from ₹ 6,21,110 in Hyderabad. If you pay a down payment of ₹ 1,05,689 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,451.

The cheapest Bolt model is XE Petrol which is priced at ₹ 6,21,110 in Hyderabad. You will need to pay at least a ₹ 1,05,689 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Bolt.

Version	On-road price in Hyderabad	Max Loan
XT Petrol	₹ 7,97,503	₹ 6,67,904
XT Diesel	₹ 9,24,532	₹ 7,77,714
XE Petrol	₹ 6,21,110	₹ 5,15,421
XM Petrol	₹ 6,91,698	₹ 5,76,440
XMS Petrol	₹ 7,19,393	₹ 6,00,381
XE Diesel	₹ 7,77,820	₹ 6,50,889
XM Diesel	₹ 8,32,161	₹ 6,97,864
XMS Diesel	₹ 8,47,184	₹ 7,08,732

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Bolt XE Petrol will be ₹ 9,681 but you will have to pay interest of ₹ 2,97,783 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 19,463, but your interest payment will be only ₹ 1,85,247 over the 3 years period.

₹ 10,451
Tata Bolt price starts from ₹ 6,21,110 in Hyderabad.

We have considered
Down-payement : ₹ 1,05,689
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Bolt with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,08,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Bolt starts from ₹ 6.21 Lakh, you can get a loan with an annual income as low as ₹ 2.08 lakh.

Here are the most important things you should consider while getting a car loan for a new Bolt

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.